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BNDES blended two credit lines into a single BRL 300 million package for Neomille's Chapadão do Céu (GO) corn-processing plant: BRL 240 million from Fundo Clima — the federal climate fund, which lends at concessional, below-market rates to projects with quantified emissions-avoidance (here, 101,000 tonnes CO2e/year) — and BRL 60 million from BNDES Finem Incentivada, a standard project-finance line that GTA flags for its local-content conditionality. Neomille is part of the fully domestic CerradinhoBio group, which already processes 1.5 million tonnes of corn and 6.1 million tonnes of sugarcane a year across plants in Goiás and Mato Grosso do Sul; this expansion adds corn-ethanol, DDGS (dried distillers grains — an animal-feed co-product) and corn-oil capacity at the existing site rather than standing up a new facility.
Severity is set low (1) given the modest absolute size (~USD 56 million) relative to other BNDES industrial loans in the register (e.g. the BRL 2.3bn Volkswagen hybrid/export package, severity 2) — this is a single-site capacity expansion for one mid-sized domestic processor, not a sector-wide programme.
margin with US corn-ethanol and DDGS exporters (Brazil is a growing net exporter of corn-based DDGS to Southeast Asia and the EU feed market).
is a template BNDES has repeated across multiple agro-processing loans in 2025 (see food-security-production-subsidies and western-industrial-policy-stack themes) — worth watching for aggregate scale across the corn/ethanol complex rather than judging any single loan in isolation.
local-content clauses) are not disclosed in the public press release; GTA's state-act page gates this detail behind a login.